4 Stocks Hitting 52-Week Highs: SCSS, CLR, TSS, SLAB

NEW YORK ( TheStreet) -- These stocks hit 52-week highs Wednesday: Select Comfort ( SCSS), Continental Resources ( CLR), Total System Services ( TSS) and Silicon Laboratories ( SLAB).

Each of these stocks received a buy rating from TheStreet Ratings.

Select Comfort

The company creates and sells beds and related products.

Select Comfort announced earlier in January that it was launching a new memory foam mattress called "m7."

"While we note that this isn't the company's first memory foam product (p7 is currently available), its gel infused technology is a step forward in product innovation and demonstrates the company's efforts to increase ASP," Piper Jaffray analysts wrote on Jan. 13.

The Piper Jaffray analysts also noted the mattresses should be in stores by early February.

Shares of Select Comfort hit a 52-week high Wednesday of $24.86. The stock's 52-week low is $9.77.

Select Comfort gets a B- grade from TheStreet Ratings with a price target of $31.36. The stock has risen 13.79% year to date.

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Continental Resources

Continental Resources is a crude oil and natural gas production and exploration company. The company said fourth-quarter production rose 57% from a year earlier. Output of 75,219 barrels of oil equivalent a day was 3% higher than the company's previous projection. It was also 2% higher than the expectations of analysts at Canaccord.

Shares of Continental Resources hit a 52-week high Wednesday of $80.37. The stock's 52-week low is $42.43.

TheStreet Ratings gives Continental Resources an A- grade and a price target of $95.32. The stock has increased 18.84% year to date.


Total System Services

Total System Services is an electronic payment processor. It reported fourth-quarter earnings on Tuesday of 31 cents a share, an increase of more than 29%. Revenue rose 7.3% to $472.2 million.

Total System also gave 2012 earnings guidance of between $1.26 and $1.28 a share. Analysts were anticipating profit of $1.27 a share.

"The FY12 outlook suggests that TSS has grown through itsheadwinds of the recent downturn, that its customer base is stable, and that it ispoised for moderate revenue growth with margin leverage," Oppenheimer analysts wrote in a report.

Shares of Total System hit a 52-week high Wednesday of $21.90. The stock's 52-week low is $15.80.

Total System gets an A- grade from TheStreet Ratings with a price target of $25.74. The stock has risen 11.91% year to date.

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Silicon Laboratories

The semiconductor company reported fourth-quarter earnings of $12.8 million compared with $12.9 million a year earlier. Profit rose on a per-share basis to 29 cents a share from 28 cents. Adjusted earnings, excluding items, in the latest fourth quarter were 49 cents a share.

Revenue rose 13% to $126.7 million.

Silicon Laboratories said it anticipates that first-quarter revenue will be between $120 million and $125 million. This is a decrease of 1% to 5% sequentially, William Blair analysts wrote in a report.

Shares of Silicon Laboratories hit a 52-week high of $48.50 on Wednesday. The stock's 52-week low is $30.36.

Silicon Laboratories gets a B- grade from TheStreet Ratings and a price target of $52.31. The stock has increased 7.68% year to date.

-- Written by Alexandra Zendrian

>To contact the writer of this article, click here: Alexandra Zendrian

>To submit a news tip, send an email to: tips@thestreet.com.

>To follow the writer on Twitter, go to Alexandra Zendrian.

More from Opinion

It's Just Not Smart For Investors to Ignore the Threat of a Trade War

It's Just Not Smart For Investors to Ignore the Threat of a Trade War

To Think a Trade War's Still Just a Threat Is the Dumbest Thing on Wall Street

To Think a Trade War's Still Just a Threat Is the Dumbest Thing on Wall Street

Flashback Friday in Politics: Trade Wars, Manafort, Immigration Dominate Minds

Flashback Friday in Politics: Trade Wars, Manafort, Immigration Dominate Minds

Microsoft and Sony's Rumored Game Console Plans Bode Well for AMD

Microsoft and Sony's Rumored Game Console Plans Bode Well for AMD

Apple Supplier Jabil Is Tumbling, But Its Sales Momentum Remains Strong

Apple Supplier Jabil Is Tumbling, But Its Sales Momentum Remains Strong